Daily Forex Analysis

USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.93660, 0.94053, 0.94590. Key Support Levels: 0.93140, 0.92949, 0.92786. 1-Hr Time Frame: The price on the higher time frame is in a clear upward movement where a higher high and low has been posting showing that the market is controlled by bulls. The market posted a correction to the strong support around the …

LRC/USDT (Futures) Long-Term Trend: Bearish Key Resistance Levels: 1.1007, 1.2519, 1.3748. Key Support Levels: 0.8943, 0.7330, 0.6520. Daily Time Frame: The price on the higher time frame posted an engulfing bearish pattern signaling that the sellers are in control of the market which led to the end of the correction and then a new move to the downside could be …

GALA/USDT (Futures) Long-Term Trend: Bullish Key Resistance Levels: 0.25110, 0.27150, 0.28000. Key Support Levels: 0.20255, 0.18237, 0.16251. 1-Hr Frame: The price on the higher time frame posted a double bottom formation which led to a reversal and a move higher. A higher low could be seen as well showing that the buyers are in a clear control of the market. …

EUR/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.43597, 1.44263, 1.44859 Key Support Levels: 1.41673, 1.41355, 1.41002 4-Hour Chart: We saw a breach of the long term diagonal resistance line and fell back under it. I believe that was an initial test of the breakout and we may now begin to accumulate for another attempt. EUR/CAD Medium-Term Trend: Bullish 1-Hour Chart: …

EUR/GBP Long-Term Trend: Bearish Key Resistance Levels: 0.8375, 0.8402, 0.8421 Key Support Levels: 0.8326, 0.8312, 0.8301 Daily Time-frame: The price on the higher time frame has shown a sharp reversal after touching the resistance point. There is also a big wick rejection that supports the trend. When we look at the bigger picture, this pair has shown a structural downward …

USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 115.55, 115.97, 116.35 Key Support Levels: 114.45, 114.13, 113.47 Daily Time-frame: The price on the higher time frame has recently touched a support point and bounced back from there. Price has also crossed the upper resistance zone and sustained above that. With the dollar picking up momentum, we should see a good move …

USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.92585, 0.92649, 0.92712 Key Support Levels: 0.92084, 0.91911, 0.91709 4-Hour Chart: We have seen a massive bullish cycle play out and are now trading slightly above a long term diagonal resistance line. I think long term we are likely to see stronger dollar as a result of this breakout, however, there needs to …

USD/CAD Long-Term Trend: Bearish Key Resistance Levels: 1.2655, 1.2752, 1.2810 Key Support Levels: 1.2504, 1.2469, 1.2405 Daily Time-frame: The price on the higher time frame has recently broken dynamic support of 1.2609 and heading towards the downward direction. We can also see rejection wicks in recent candles. We expect the move to continue with some momentum. USD/CAD Medium-Term Trend: Bearish …

AUD/USD Long-Term Trend: Bearish Key Resistance Levels: 0.7179, 0.7231, 0.7272 Key Support Levels: 0.7090, 0.7038, 0.6990 Daily Time-frame: The price on the higher time frame has been in a downtrend for quite some time and recently we say a retest at price after the fall. It touched the trendline resistance and was rejected from there. We should expect the trend …

AUD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.65718, 0.65750, 0.65802 Key Support Levels: 0.65407, 0.65090, 0.64930 3-Hour Chart: We have seen an 11 day bear market followed by a bullish correction. The correction took us into a resistance area that may kick off another bearish move if we fail to breach it. We got one fail already and are currently …